{"id":304773,"date":"2021-06-02T14:55:12","date_gmt":"2021-06-02T12:55:12","guid":{"rendered":"https:\/\/informante.web.na\/?p=304773"},"modified":"2021-06-02T14:55:15","modified_gmt":"2021-06-02T12:55:15","slug":"market-recap-26-may-to-1-june-2021","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=304773","title":{"rendered":"Market Recap 26 May to 1 June 2021"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">The local market was relatively quiet this week, with the NSX Local index up 0.2% at 440, and the NSX Overall Index up 2.73% at 1432. As at 1 June, Capricorn Group was the largest local company on the exchange, with market capitalization of N$ 6.9 billion, followed by FirstRand Namibia with N$ 6.7 billion, Namibia Breweries with N$ 6.4 billion and Trustco Group with N$ 3.7 billion. Standard Bank Namibia lead the market this week with growth of 1.69% to close at N$ 6.60 per share, with FirstRand Namibia in second place at N$ 25.15 per share after growth of 0.56%. In terms of volume Capricorn Group lead the market with N$ 1.5 million worth of shares traded, with FirstRand Namibia in second place with N$ 577 thousand worth of shares traded. The local currency gained 0.63% against the US Dollar, to close at N$ 13.76 per USD, and gained 0.61% against the British Pound, to close at N$ 19.48 per GBP. It closed at N$ 16.82 against the Euro, a gain of 0.90%.<\/span><\/p>\n<p>\u00a0<\/p>\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"625\" height=\"484\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2021\/06\/Market-Recap-26-May-to-1-June-2021.png\" alt=\"Market Recap Capricorn FirstRand Breweries Trustco Group Oryx Properties Asset Management FirstRand Namibia US Dollar USD British Pound GBP Euro\" class=\"wp-image-304774\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2021\/06\/Market-Recap-26-May-to-1-June-2021.png 625w, https:\/\/informante.web.na\/wp-content\/uploads\/2021\/06\/Market-Recap-26-May-to-1-June-2021-300x232.png 300w, https:\/\/informante.web.na\/wp-content\/uploads\/2021\/06\/Market-Recap-26-May-to-1-June-2021-387x300.png 387w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/figure><\/div>\n\n\n<p><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Alpha Namibia Industries released their audited results for the year ending 28 February 2021, and revealed that their revenue was N$ 69.7 million for the year, with their profit for the year amounting to N$ 687 275. Basic earnings per share was thus at 4.1c per share, with their net asset value at N$ 9.98 per share. The group noted that they had acquired 70% of Hopsol Power Generation (Pty) Ltd and 80% of Hopsol Africa (Pty) Ltd during the year under review for N$ 88.6 million and N$ 56 million respectively, with the companies financials being consolidated in for 8 months and 11 months respectively. Alpha Namibia Industries noted that it will continue to make investments into renewable energy plants through acquisitions, in line with Namibia\u2019s target to become a net energy exporter by 2030.<\/span><\/p>\n\n\n<div class=\"alignnormal\"><!-- MetaSlider 271797 not found --><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The local market was relatively quiet this week, with the NSX Local index up 0.2% at 440, and the NSX Overall Index up 2.73% at 1432. As at 1 June, Capricorn Group was the largest local company on the exchange, with market capitalization of N$ 6.9 billion, followed by FirstRand Namibia with N$ 6.7 billion, &#8230;<\/p>\n","protected":false},"author":4,"featured_media":304774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24,26],"tags":[],"class_list":["post-304773","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news","category-trustco"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Recap 26 May to 1 June 2021 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"The local market was relatively quiet this week, with the NSX Local index up 0.2% at 440, and the NSX Overall Index up 2.73% at 1432.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/informante.web.na\/?p=304773\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Recap 26 May to 1 June 2021 - 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